In the strategic trade policy literature, the firms typically make positive profits at equilibrium policy levels. We show that this is not always true when firms from the developed (North) and developing (South) countries compete in the Northern market. In particular, the South firm may be...

Globalisation is a highly controversial topic. Despite its potential for accelerating growth and reducing poverty (to which most policy makers and economist would agree) objections are often expressed about the position of developing countries, and a number of damaging side-effects of the...

The educational attainment of the Dutch labour force is lower than in neighbouring countries. Despite this worrying picture, and the fact that financial resources devoted to education are relatively small, it is argued that increasing public expenditure is not the obvious answer. As the social...